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Fax: (405) 340-0891

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Taxes and Incentives

Oklahoma is among the lowest "cost of doing business" states in the country. The May 2005 issue of Forbes Magazine named Oklahoma City #4 as having the lowest costs of doing business among 150 metro cities across the nation. Tax Foundation listed Oklahoma as having the 5th lowest state and local tax burden per capita for 2007.

Tax Rates:

Sales Tax

Edmond 3.75%
Oklahoma 4.5%

State Corporate Income Tax: 6%

State Personal Income Tax: 5.25%

Property Tax: 106.13 mills per $1,000 of assessed value

Edmond Economic Incentive Policy

Edmond Economic Incentive Policy Application

CDBG Loan Program
The Community Development Block Grant (CDBG) Program is designed to create and retain permanent, private sector job opportunities, principally for low and moderate-income households while increasing the tax base in Edmond. Loans should produce at least one new or retained permanent, full-time equivalent job for each $9,000 of CDBG money, with 51% of jobs created available to low to moderate households.

Bricks and Clicks Revolving Loan Program
The Bricks Revolving Loan Program is designed to provide downtown business owners with funds for exterior renovations in an effort to restore the historic image of the area and increase the value of the buildings. These loans are offered at no interest for 18 months and pay for up to 75 percent of the costs, not to exceed $10,000. The Clicks program offers no interest loans to be used for e-commerce Web sites in an effort to enhance downtown business through the Internet. Loans are provided for up to 75 percent of the project, not to exceed $5,000.

State Incentives
Oklahoma's attractive incentives drive bottom line benefits for your business. For a quick glance at available incentives and how they work together see the Incentive Overview Chart. Call 800-879-6552 for a customized incentive analysis.

Oklahoma Business Incentives and Tax Information Guide
The Oklahoma Business Incentives and Tax Information Guide is more than a summary of Oklahoma's business location advantages; it represents our state's commitment to being a flexible partner with companies and entrepreneurs who already call Oklahoma their home, as well as businesses considering relocating here. Oklahoma has a business-operating climate that offers the kind of competitive financial opportunities that can keep businesses profitable. Oklahoma is a Right-To-Work state, which makes for a very favorable workforce environment. In addition, reduced tax rates and a favorable tax structure help Oklahoma-based companies pay less and keep more.

Oklahoma Business Incentives and Tax Information Guide

Oklahoma Site Certification Program
As businesses attempt to minimize risk, locations with shovel-ready sites emerge as the top choices. A statewide site certification program that assures a quality site is available in minimal time not only provides site selectors with the information they need to make appropriate decisions, it also places Oklahoma in a position to maximize economic development opportunities.

Oklahoma's Site Certification Program